Milwaukee School of Engineering

Analysis

Milwaukee School of Engineering is a registered charity in United States, based in Milwaukee, WI. It received its IRS tax-exemption ruling in February 1935, 91 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Milwaukee School of Engineering reported income of $171.1m and spending of $165.9m, spending 97% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $149.8m to $171.1m (+14%), an average of +3.4% a year. Over the whole period it spent 92% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Milwaukee School of Engineering sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 100th percentile, and in the 100th percentile within WI. Charities of a similar size with the same main cause include Western New England University ($169.8m), Herzing University Ltd ($171.4m) and Purdue Research Foundation ($169.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 16% and program service revenue 80% of the total. Compensation of current officers, directors and key employees was $2.1m (1.3% of expenses). Other salaries and wages came to $38.3m. At year end it held assets of $400.4m against liabilities of $39.4m, net assets of $361.0m. It reported 1,616 employees.